Time Deposit Accounts
LIMITED TIME SPECIAL OFFERS¹
$500 minimum balance to open and obtain special offer
Supercharge Your Savings with Great Rates and Term Options
If you’re saving for a specific goal—like a family vacation, home repairs or a big purchase—a UMB Time Deposit (TD) Account might be right for you. Commonly referred to as a certificate of deposit (CD) account, a TD account from UMB enables you to lock in a great interest rate for a set period of time.
A TD offers a low-risk investment to make your savings work for you, with guaranteed returns on a fixed rate of interest for a term of your choice. Plus, TD rates may be higher than what is offered on traditional savings accounts.
$500 account opening minimum (minimum may be higher for some specials)
Can automatically renew after your term matures
May be used as collateral for a consumer loan (subject to credit approval)
Compare Rates and Apply Online Today!
Choose your option for a standard or jumbo time deposit and start saving more today. Additional rates/terms available at your local UMB Branch.
Time Deposits: $100,000 and over
$100,000 minimum balance
Effective Date:
term |
interest rate |
annual percentage yield |
Apply |
|
|---|---|---|---|---|
|
3 months |
|
|
||
|
6 months |
|
|
||
|
9 months |
|
|
||
|
12 months |
|
|
||
|
24 months |
|
|
||
|
36 months |
|
|
|
|
|
48 months |
|
|
|
|
|
60 months |
|
|
|
|
|
72 months |
|
|
|
Explore More Ways to Save
Looking for private banking solutions?
UMB offers personalized banking services for individuals and families with high net worth, including in-depth financial consultations and a full-service review of your goals and needs.
Looking for a health savings account?
The UMB health savings account (HSA) helps you better manage healthcare costs today and in the future with easy access to funds, dedicated customer service, and the tools you need to make the most of your money.
-
Which bank account is right for you?
Read NowThere are many different accounts where you can place your money. Find out which bank account is right for you.
-
Maximize your savings: Is a money market account right for you?
Read NowUnlock the potential of a money market account by learning more about how they could fit into your financial plan.
-
Auto loans quick guide: What to know before you buy
Read NowFind the right approach to auto loans with tips on budgeting, credit health, and loan terms to achieve your auto financing needs.
-
Financial strategies to save for college and retirement at the same time
Read NowRetirement and college tuition may seem like two competing priorities. Here are three steps to help fund your child’s college without sacrificing your own retirement savings plans.
-
Earn passive income: Budgeting and taxes for side hustles
Read NowManage your side hustle finances like a pro. Learn about tax responsibilities, budgeting tips and maximizing your passive income streams.
FAQs
Questions about Time Deposit Accounts? UMB has answers.
Commonly referred to as a certificate of deposit (CD) account, a TD is a savings vehicle that typically allows you to earn interest on your money faster, or at a greater rate, than a standard savings account. TDs have a fixed term and a fixed interest rate, so they’re a low-risk way to grow your savings within a certain amount of time.
However, these interest rate advantages come with a stipulation: TDs lock your money in for a specific time period (term), which can range from one month to five years (and beyond). A TD’s term is dependent on both the institution offering the account, and the interest rate you prefer, with longer terms sometimes offering the most attractive interest rates.
No, you’re not able to add funds to a TD after you open it. Once your account reaches maturity and you have the option to renew it, you have a grace period where you can add additional funds at that time.
Accessing the funds you place in a TD before the account matures can be difficult and may involve penalties and fees or charges. But, if you time your accounts just right, you can set a savings strategy that provides regular access to your TD funds, while still giving you the benefits.
Yes, UMB TDs are FDIC insured; however, customers should determine their coverage calculation. For more information on FDIC insurance and to calculate ways to maximize your coverage per insured institution visit edie.fdic.gov.
Download or view your Deposit Account Agreement.
Learn about 1099 tax statements, whether or not you will receive one, and how to access your tax statement.
Other Products and Services
View All
-
3-MONTH TIME DEPOSIT ACCOUNT SPECIAL OFFER: Annual Percentage Yield (APY) effective as of . The minimum deposit amount required to establish this 3-Month Time Deposit Account ("CD") Special Offer and obtain the APY is $500.00. Interest rate . Restrictions apply. Not available for individual retirement or business accounts. A penalty will be imposed on early withdrawals.
9-MONTH TIME DEPOSIT ACCOUNT SPECIAL OFFER: Annual Percentage Yield (APY) effective as of . The minimum deposit amount required to establish this 9-Month Time Deposit Account ("CD") Special Offer and obtain the APY is $500.00. Interest rate . Restrictions apply. Not available for individual retirement or business accounts. A penalty will be imposed on early withdrawals.15-MONTH TIME DEPOSIT ACCOUNT SPECIAL OFFER: Annual Percentage Yield (APY) effective as of . The minimum deposit amount required to establish this 15-Month Time Deposit Account ("CD") Special Offer and obtain the APY is $500.00. Interest rate . Restrictions apply. Not available for individual retirement or business accounts. A penalty will be imposed on early withdrawals.
These Special Offers will be available to new UMB Bank customers who establish a new UMB Time Deposit account with at least $500.00 new money (funds not currently on deposit at UMB). For existing UMB Bank customers, these Special Offers will be available for customers who establish a new UMB Time Deposit account with at least $500.00, of which $0.75 of every $1.00 is new money (funds not currently on deposit at UMB). Limited time offers; UMB Bank reserves the right to discontinue these Special Offers at any time. - Standard Rates less than $100,000: Annual Percentage Yield (APY) effective as of . The minimum deposit amount required to establish any standard rate Time Deposit less than $100,000 and obtain the listed APY is $500.00. Restrictions apply. Not available for individual retirement or business accounts. A penalty will be imposed on early withdrawals. If the account term is greater than 12 months, interest cannot remain on deposit and that payout of interest is mandatory.
- Jumbo Rates of $100,000 or greater: Annual Percentage Yield (APY) effective as of . The minimum deposit amount required to establish any standard rate Time Deposit of $100,000 or greater and obtain the listed APY is $100,000 or greater. Restrictions apply. Not available for individual retirement or business accounts. A penalty will be imposed on early withdrawals. If the account term is greater than 12 months, interest cannot remain on deposit and that payout of interest is mandatory.
To open an account online, you must:
- be 18 years old or older
- be a U.S. citizen or U.S. resident alien
- live in one of the following states: Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, New Mexico, Oklahoma, Texas, Utah and Wisconsin
- have a state ID, driver’s license, or learner’s permit. If you do not have these forms of identification, please contact a nearby branch for more information about forms of identification accepted in branch.